Tax refund is the recovery of taxes paid for a specific reason. This situation usually arises as a result of the taxpayer paying more tax than the total of the expenses declared in the tax return. In order to receive a tax refund, a certain procedure must be followed.
Firstly, the tax return for the year in which the tax refund will be received must be filled in correctly. The declaration is submitted to the tax office or sent electronically via the internet. The tax refund amount is determined by calculating the difference between the income and expenses declared by the taxpayer in the declaration.
In order to receive a tax refund, the taxpayer must fulfil the tax obligations in full. Persons with debts such as tax arrears, late payment interest or tax penalties cannot receive tax refunds. In addition, the tax refund request may be rejected in case of incomplete or incorrect declarations in the tax return.
The tax refund request is made with an application to the tax office. The application includes information such as the identity information of the taxpayer, the declared tax period and the amount of the tax refund. After the application, the tax office conducts an examination and assesses the eligibility of the tax refund.
When the tax refund request is accepted, the payment is made to the bank account or PTT account. The payment period of the tax refund amount is 1 month from the date of application. If payment is not made within this period, the taxpayer is charged late payment interest.
As a result, taxpayers can receive a tax refund by correctly filing their tax returns and fully fulfilling their obligations. The tax refund request is made through an application to the tax office and payment is made if deemed appropriate.